Live Breaking News & Updates on Business Covered

Stay updated with breaking news from Business covered. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Carbon prices must treble by 2030, $6.6trn investor coalition urges


Carbon prices must treble by 2030, $6.6trn investor coalition urges
The UN-convened Net-Zero Asset Owner Alliance, whose members manage $6.6trn of assets, is warning that the world won t decarbonise rapidly enough to deliver the Paris Agreement without a radical overhaul of carbon pricing.
According to the paper, some 80% of global annual emissions are not covered by carbon pricing mechanisms
In a new discussion paper published today (6 July), the Alliance sets out its vision for transforming global carbon pricing mechanisms in line with the Paris Agreement’s 1.5C trajectory. The Intergovernmental Panel on Climate Change (IPCC) has stated that the world will have the best chance of delivering this aim if net global emissions are halved by 2030 and brought to zero by 2050. ....

France General , United Kingdom , Gunther Thallinger , Chris Leeds , Mark Carney , Intergovernmental Panel On Climate Change , United Kingdom Energy , Climate Change Committee , Asset Owner Alliance , World Bank Carbon Pricing Leadership Coalition , Net Zero Asset Owner Alliance , Paris Agreement , Intergovernmental Panel , Climate Change , Carbon Market Year , Sixth Carbon Budget , Scaling Voluntary Carbon Markets , Business Covered , Sustainable Business Covered , Scaling Voluntary Carbon Markets , Lord Barker , Climate Minister , World Bank , Carbon Pricing Leadership , ஒன்றுபட்டது கிஂக்டம் , கிறிஸ் லீட்ஸ் ,